Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1887-05-12
Water; How tho Project stands.

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\ committee appointed to canvass for
subscribers for water, with view of deter
mining as far as practicable, in advance, the
probable support the Company might rely
upon, have reported 500 as the minimum
amount.
Having been intimately connected with
the labors of that committee we are willing
to give expression to the opinion that that
amount can and probably will be increased
at least $3.50 by the time the work of laying
the mains is accomplished. Thus it appears
that the company will have assured for its
first year, revenue of $3.50.
Next to be considered is the influence that
the assuring of such Il revenue will exert
for or against the raising of ten thousand
dollars capital stock.
In the first place, it is probably an assur-
ed fact that $4,000 will do the work /; the
estimate made by Il competent engineer on
the first route, when applied to the second
Qligh RUM route cannot be fig urcd to reach
$4,000
Assuming, however, that it will require
that amount, what is the promise held out
by the figures given above?
Will the committee appointed to solicit
subscriptions to the Capital Stock be war
rantcd in advising persons to place their
money in it as an Investment?
With but fifty out Of one huno'red and Mir.
IA, ii tLiv ,n,,ptn1 10
piled with water in the above figures, should
we look to an increase of the revenue Of the
company
With our Town Corporation counted at
$l3s, while we find in the financial state
mcnt of the town of Emmishurg now being
published, an item of 1901 so for water can
We not reasonably look to a large increase OF
revenue ii this direction?
With recognized continual growth of
our town constant though not rapid, will
not the affairs of the Water Company i'm
prove?
With all the possible uses, to which It's
service may Il" put by manufacturing indus
tries, considered is there not Il reasonable
promise Of bcttcrmcut
With the oft-rcpcatcd assurance of far
sighted men who have visited us, that u per-
manent supply ofpure mountain water will
in many ways and directly recommend us
t;vorably to others, may We not rely upon
such influence to advance the interests of
the company?
With water introduced at less than one
half the average first cost and at the Unrest
.fgu,es by one-fourth, that Is known, and
while in every instance it has proven to
have been an excellent Investment, under
what rule of indicated probabilities would
any one make the claim against it being a
good Investment in this instance?
As against such probability why not set
another; that it will he good speculative
venture?
And now that we have noted the points,
to us seemingly favorable to Water Com
pary Stock as an Investment, we are prcpar-
I'd to give, unasked, our opinion on this
point it being unaskcd, we shall ask the
thoughtful consideration Of such only as
give us credit for honesty Of purpose and
with that, credit for at least a moicty of bus
mess tact, penetration and good judgment.
We believe that there is now in sWM
revenue that will pay not less than five per
cent on $4,000, the first year; we believe
that the revenue for the first three years
will bring the average up to per cent we
believe that it will be convertible into cash,
after three years, as readily as a Govern-
mcnt Bond and that because it is a ler1nd-
nent investment if so desired, offsets an adj
vantage of onc.half to one per cent IN any
private security; we believe that those who
have money to invest will regret within
three years their refusal TO place il in Water
Stock and finally, we believe that we have
sufficient regard for the worth of our opin-
ION before the public, not to have given ut
tcrancc to conclusions that are groundlcss
or to views that are misleading; in our ca
pacity, we probably have AS much to lose as
any other one individual in tins community
by teaching our people falsely; recognizing
that fact and estimating it at its full worth
We recommend the Mcchan cstown Water
Cnmnonv's Stock nc IN investment